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Greenwood Inc. has the following information available for the year just ended: Sales on account equaled $300,000. Cash collections from customers on their accounts receivables

Greenwood Inc. has the following information available for the year just ended:

Sales on account equaled $300,000.

Cash collections from customers on their accounts receivables equaled $220,000.

Sales discounts taken by customers when paying on their account equaled $3,000. (The company uses the gross method of accounting for discounts).

Sales returns and allowances equaled $4,000. (Assume the customer still owed on their account before the return or allowance).

Customer accounts specifically written off for being uncollectible equaled $7,000.

QUESTION: What were "net credit sales" for the year just ended? Assume the company does not estimate its sales returns and allowances.

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